The following costs were incurred by the acquirer in business combinations: Costs incurred Pent Subtle Legal fees
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Question:
The following costs were incurred by the acquirer in business combinations:
Pent | Subtle | ||
---|---|---|---|
Legal fees | $3,000,000 | $1,500,000 | |
Cost of an internal acquisitions department | 10,000,000 | $720,000 | |
Insurance cost of debt securities | 180,000 | 620,000 |
Which costs related to effecting business combinations are expensed in full by the controlled group for the period in which they are incurred?
$1800,00
$3,180,00
$13,000,00
$13,180.00
Related Book For
Managerial Accounting Creating Value in a Dynamic Business Environment
ISBN: 978-0078110917
9th edition
Authors: Ronald W. Hilton
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